The truth just keeps pushing it's way into the the dream.
http://www.breitbart.com/news/2006/10/11/D8KMJBT81.html
Quote:
Federal Deficit Now Lowest in 4 Years
Oct 11 2:20 PM US/Eastern
By MARTIN CRUTSINGER
AP Economics Writer
WASHINGTON
The federal deficit in the budget year that just ended fell to a four- year low of $247.7 billion _ a figure President Bush touted Wednesday as "proof that pro-growth policies work."
The deficit for the budget year that ended Sept. 30 was 22.3 percent lower than the $318.7 billion imbalance for 2005, handing Bush a welcome economic talking point as Republicans battle to hold onto control of Congress in the midterm elections.
Bush called the outcome for Fiscal 2006 a "dramatic reduction" that redeemed his 2004 campaign pledge to halve the deficit earlier than his original 2009 target date.
"These numbers show that we have now achieved our goal of cutting the federal deficit in half and we've done it three years ahead of schedule," Bush told reporters at a Rose Garden news conference.
The pledge to cut the deficit in half was based on the administration's forecast that the 2004 deficit would hit $521 billion, a figure that proved to be too pessimistic by more than $100 billion. However, the administration has continued to use the forecast number as its benchmark for deficit reduction.
Bush said he would continue to urge Congress to make permanent his first-term tax cuts, all of which are due to expire by the end of 2010.
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"Yankees fans who say “flags fly forever’’ are right, you never lose that. It reinforces all the good things about being a fan. ... It’s black and white. You (the Mavs) won a title. That’s it and no one can say s--- about it.’’
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